Silver 4 Hour Price Update
Updated January 01, 2021 01:58 AM GMT (09:58 PM EST)
The end of a 3 four-hour candle negative run has come for Silver, which finished the previous 4 hours up 0.21% ($0.06). Out of the 5 instruments in the metals asset class, Silver ended up ranking 3rd for the four-hour candle in terms of price change relative to the previous 4 hours.
Silver Daily Price Recap
The end of a 6 day positive run has come for Silver, which finished the previous day down 0.95% ($0.25). Those trading within the metals asset class should know that Silver was the worst performer in the class today. The daily price chart of Silver below illustrates.
Silver Technical Analysis
The clearest trend exists on the 30 day timeframe, which shows price moving up over that time. For additional context, note that price has gone up 10 out of the past 14 days.
Overheard on Twitter
Over on Twitter, here were the top tweets about Silver:
- From afraileperez:
@TheLastDegree 1) Question that I made is: Is it worth to hoard phys silver? One of the components that will make silver price explode is the industrial demand. If we hoard is because a looming demise of the “paper” scheme. If a deflationary bust comes which part of silver demand will prevail?
- From WarwickSimons:
@TaviCosta Hmm. Does that change in debt series correlate to future gold & silver price changes?
Because debt to capex to supply to lower prices. I suspect a rolling 4Q debt series may be indicative.
I’d do it but don’t have data access at the mo.
- From SnuffyforShort:
Let these bankster fuckbois try to knock the Gold and Silver price down if they want, snuff bout to reload the roth on the 1st. Never paying taxes on these tendies… BullionBois™ don’t even understand that language.
In terms of news links for Silver here’s one to try:
Many analysts also see silver outperforming gold prices in 2021….This suggests that already low inventories may decline further, so prices are set to remain elevated.” Gold prices came in third place with 140 participants or 14% expecting the yellow metal to be the best performing asset in 2021….Sentiment in the gold market is extremely bullish with many analysts expecting prices to retest August’s all-time highs above $2,000 an ounce.